Property Management
A Kentucky property manager takes possession of the building's master key and refuses to return it to the owner after the management agreement ends. This constitutes:
AA standard practice until final accounting is complete
BConversion of the owner's property and breach of fiduciary duty✓ Correct
CAcceptable if the manager has unpaid fees
DLegal if the management agreement is still in dispute
Explanation
Refusing to return property belonging to the owner (including master keys) after termination of the management agreement constitutes conversion (civil theft) of the owner's property and a serious breach of fiduciary duty. The manager must return all owner property upon termination.
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